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Philippines

PH

RegionAsia
CurrencyPHP
Employer statutory contribution rate14.5% (capped at PHP 1,200,000/yr)
Mandatory extra pay8.33% (e.g. 13th/14th month)
Minimum wage₱695/day (NCR, non-agricultural)
Statutory notice period30 days (authorized-cause termination only)
Severance rules0.5-1 month's pay per year of service (authorized-cause only); none for just-cause dismissal

Data confidence: High confidence. 13th month pay is legally mandatory for all rank-and-file employees regardless of tenure.. Figures are estimates only — not legal, tax, or financial advice. Last reviewed 7/9/2026.

Asia

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